Pump Prices Continue to Fall
Photo by Vince Taroc.
The national average price for a gallon of unleaded gas for the week ending Oct. 13 fell one cent from the prior week, and currently sits at $2.46 per gallon, according to AAA.
Prices are continuing to recover from the active hurricane season, with the most recent average clocking in at 12 cents less than a month ago.
“Despite recent declines, the residual impact of last month’s hurricanes linger,” said Jeanette Casselano, AAA director of public relations. “Drivers continue to pay in excess of 20 cents more for a gallon of gasoline than they did in 2016, which may prove challenging for those looking to put away some extra cash for the holidays.”
This past week's national average is 17 cents lower than this year's peak price of $2.67 in September.
The southern states experienced the biggest decrease in prices this month as the Gulf Coast increased oil production. Georgia's average fell 29 cents to $2.39, South Carolina's fell 27 cents to $2.21, and Florida's fell 26 cents to $2.42. Alabama, Tennessee, North Carolina, Texas, and Mississippi also experienced lower prices.
The West Coast, including California ($3.03), Washington ($2.92), Oregon ($2.75), and Nevada ($2.73), stayed relatively stable while remaining some of the most expensive markets. Alaska and Hawaii joined the list with a weekly average of $3.02 and $3.11, respectivley.
The price of diesel had a slight increase, rounding out the week at $2.79 per gallon, up one percent from the previous week.